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Entries in State Revenue (3)

Thursday
Jun082017

Business coalition will not seek road-tax hike from voters in 2017

Denver Business Journal

June 8, 2017

Transportation advocates will not ask voters to raise taxes for roads and transit this year, but will keep their business-centric coalition together with an eye on putting a proposed funding measure on the 2018 Colorado ballot.

Tony Milo, executive director of the Colorado Contractors Association, said the decision came down to two primary factors.

First, the ballot initiatives that have received title approval for the 2017 ballot did not contemplate the late-session passage by the Legislature of Senate Bill 267, which directed $1.88 billion to transportation. Second, the coalition put most of its efforts into trying to pass a failed legislative bill that would have directed such a sales-tax increase to the ballot, and they were too far behind on getting signatures needed to qualify for this election.

Gov. John Hickenlooper signed SB 267 on May 30.

“We are staying together, we are continuing to do public education and we are setting our sights toward 2018,” Milo said Wednesday.

Read on...

Wednesday
Feb152017

With money tight, Texas budget writers eyeing billions approved by voters for roads

The Texas Tribune

February 15, 2017

More than a year after Texas voters approved routing billions in state sales taxes to roads and bridges, some lawmakers are questioning whether the first payment of $5 billion should move forward as planned.

Texans voted in 2015 to boost funding for state’s public roadways and bridges, which have strained under the state’s growing population. Proposition 7 — loudly cheered by top Texas leaders and supported by 83 percent of voters — changed the constitution to route some taxes collected on car sales to the State Highway Fund.

But in an unusually tightfisted legislative session, some Texas lawmakers are raising the prospect of reducing that initial cash infusion to the State Highway Fund scheduled for this year to free up money for other state programs.

Read on...

Tuesday
Oct082013

Oil and Natural Gas Fiscal Best Practices: Lessons for State and Local Governments

Headwater Economics

November, 2012

How oil and gas resources are taxed and how the revenue is distributed and invested are the cornerstones of balancing positive and negative impacts of energy development. Across the country, there are various approaches to taxing oil and natural gas activity, and to spending, sharing, and saving these revenues. In no case has any single state put together a complete package of fiscal “best practices.” Yet each state employs part of a viable fiscal solution and can learn from what others are doing.